Over the last eight years, the volume of software development and IT outsourcing services Ukraine has provided has grown by a factor ten, according to the “Exploring Ukraine. IT Outsourcing Industry” report, just published by Ukrainian Hi-Tech Initiative, leading association of Ukrainian software development and IT outsourcing companies.

Ukraine is increasingly becoming more and more popular as an IT outsourcing destination. Many experts agrees that such advantages as unique geographical location, the availability of extensive IT talent pool, strong scientific legacy, and cost benefits make Ukraine a natural choice for outsourcing.

Ukraine has been recognized by outsourcing experts as the top destination for ITO in 2011. The country has won the nomination “Outsourcing Destination of The Year” in the frames of European Outsourcing Excellence Awards.